Millennial Homeownership Part 2

According to Ernst & Young, the Millennials are expected to increase their share of market from 27% to 47% over the next two years.  On a positive note, the Millennials are seeing increases in their wages and income, which will allow them to manage with greater...

NJ Home Prices and Millennials Part 1

October 2018 marked another month in which single-family median prices increased, as well as townhomes and adult community sales increased. It did not seem to affect the escalation in home prices when the stock market fell in October and November. Even though single...

Trends to Track – Low Inventory and Buyers

During the prior 20 months, one of the big hurdles that buyers had to deal with was the scarcity of inventory. Inventory of available homes on the market truly has been reduced from prior periods and prior years.  Some agents are expecting the rising interest rates to...

Trends to Track – Mortgages

According to a Housingwire article, one type of lender is actually excelling in this market, despite many thousands of others losing their jobs. One kind of lender that seems to be improving and excelling is those mortgage brokers. According to this article United...

A Closer Look – Monmouth County

The October sales numbers for Monmouth County came in a few days ago. Even though much of the nation is showing a slowdown not only in the price of homes but also in the number of transactions and sales, Monmouth County continues its upward trend in new listings,...